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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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[–] [email protected] 64 points 3 weeks ago (2 children)

I’m sure this will help drive BRICS closer together as they feel attacked by America. Allowing Russia to poach powerful allies away from the US.

Trump must be Putins greatest dream.

[–] [email protected] 29 points 3 weeks ago

Yeah, Trump ending the dollar as the reserve currency would be a fitting legacy.

[–] [email protected] 12 points 3 weeks ago (1 children)

Yeah it would be extremely funny (and probably bad) if he accidentally own-goal'ed this.

[–] [email protected] 9 points 3 weeks ago (1 children)

Accidentally?

[–] [email protected] 2 points 3 weeks ago (1 children)

Yes of course. What do you think Trump wants? He wants people kissing ass, he wants groveling, he wants adoration.

Everything else that he does is clearly designed to get that, and if it has side effects, he just doesn't care, because he's too powerful to care.

[–] [email protected] 5 points 3 weeks ago

He also wants inflation, as that reduces the real value of the debt on his real estate holdings.